STRATEGIC CAPITAL PLANNING
All facilities on the campuses of Massachusetts public colleges are considered the assets of the Commonwealth, with the Division of Capital Asset Management (DCAM) having authority over the acquisition, lease, construction, repair, and disposal of these facilities. The Board of Higher Education works together with DCAM to review and approve significant activities and provide strategic leadership and coordinating activities on behalf of the system. The state and community colleges, responsible for good stewardship of these assets, spend more than $70 million annually on these activities, or 9% of total state and community college revenue.
In FY2001, the Board of Higher Education, along with the Department of Capital Asset Management, and the colleges embarked on a multi-phase capital planning initiative to articulate the need for capital investment and provide a more efficient and transparent method of allocating capital resources.